Jmac Enterprises LLC Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Jmac Enterprises LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,520 shares of the company's stock after selling 6,670 shares during the quarter. Jmac Enterprises LLC's holdings in PepsiCo were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $31,000. Summit Securities Group LLC acquired a new stake in PepsiCo during the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

Shares of PEP stock opened at $129.07 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The stock has a fifty day moving average of $133.19 and a two-hundred day moving average of $143.83. The firm has a market capitalization of $176.97 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The company's revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. PepsiCo's payout ratio is 83.68%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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